'Nalco to augment production to beat margin erosion'

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The National Aluminium Company limited (Nalco) broke the previous production records by producing 63.40 lakh tonnes of bauxite and 19.53 lakh tonnes of alumina at its mines and refinery during the 2015-16 fiscal.

To celebrate this excellent achievement, Nalco CMD Dr Tapan Kumar Chand visited Damanjodi and felicitated 30 outstanding achievers of both the units, ranging from Operators to Assistant General Managers, with CMD Excellence Awards.

“Excellence is a journey, never a destination. Now, the journey of Nalco has begun, which would make the company a truly global player in the mining, metal and energy sectors. With concerted efforts, in 2016-17, we shall achieve the target of producing 68.25 lakh tonnes of bauxite, an increase of 7.1 per cent and 21.50 lakh tonnes of alumina, an increase of 9.2 per cent as compared to last fiscal,” said Dr Chand.

Describing 2015-16 as the seminal year, he further said that there would be a major turnaround in the business plan of the company to meet the turbulent business environment. Hitherto, the Nalco was regulating its production to tide over the crisis, but now the company is braving it out by augmenting production to beat the margin erosion, he added.

During his two-day tour, Dr Chand attended a series of meetings and programmes, interacting with representatives of workers’ unions, officers’ associations, school authorities, socio-cultural bodies, industrial security forces, as well as people from periphery villages and top officials of the Koraput district administration. All of them pledged unanimous support to make the current fiscal a major milestone in the Nalco’s journey of excellence.

Daily Pioneer
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